Barclays offering 1.29% two-year tracker
Barclays is offering a leading two-year tracker mortgage rate that undercuts virtually all of the other fixed and tracker rates in the market.
This mortgage tracks the Barclays bank base rate plus a margin of 0.79% and it has a pay rate of 1.29%. The APR is 3.7%.
As the lender offers a switch-to-fix facility, borrowers have the option of changing to a fixed rate deal at any time. This will be particularly useful when the base rate finally starts to rise.
Borrowers will need a 40% deposit to qualify and there is a maximum loan size of £1 million. The arrangment fee is £999.
At the end of the tracker period, the mortgage reverts to 3.49% over the Barclay bank base rate, currently 3.99%. There are also no early repayment charges.
If you are looking to remortgage away from your current lender, Barclays will pay for the property valuation and legal fees, keeping the cost of switching banks to a minimum.
If you would like help to secure a leading mortgage rate, call Trinity on 020 7016 0790.
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
